MANILA -- The Red Advocates, a newly-formed multisectoral group of concerned citizens advocating “Respect Equals Discipline” on Philippine roads said the country loses a whopping P140 billion annually due to traffic in Metro Manila alone, a figure that dwarfs the amounts lost via the controversial pork barrel scam.

The Export-Import Bank of Korea (Korea Eximbank), a state credit agency providing concessional loans and assistance to governments, is earmarking some $500 million in official development assistance (ODA) to the Philippines from 2014 to 2017.

MANILA -- Sound macroeconomic fundamentals were the keys that allowed the Philippine economy to grow by 7 percent in the third quarter - the fastest in Asia after China - and 7.4 percent in the first nine months of the year, Bangko Sentral ng Pilipinas said Thursday.

The Asian Development Bank (ADB) will likely increase its significant aid to the Philippines, citing the “massive challenge” the government faces in rebuilding areas destroyed by Supertyphoon ‘‘Yolanda’’.

Bali, Indonesia – Top trade officials began talks Tuesday that will either produce an eleventh hour deal that could boost the global economy by $1 trillion or possibly spell the end of the World Trade Organization’s relevance as a forum for negotiations.

The transportation department has moved the bid submissions for the Light Rail Transit Line Cavite extension deal to the second quarter of 2014 from the previous first quarter target in an effort to draw more bidders.